International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to IAG for one year to...
Embraer has sold its two Portuguese aerostructure units to Aernnova in Spain for $172 million. At the same time, the two companies have signed a long-term supply agreement to safeguard the supplies of assemblies to Embraer, they announced on January 12. Embraer...
Airbus will establish a new entity of its UpNext innovation subsidiary and a third Zero Emission Development Center (ZEDC) in Spain to help develop the future generation of hydrogen airliners, it announced on December 10. The two units strengthen the position of...
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